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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Kimberly Lee who wrote (5486)	2/11/1999 5:40:00 PM
From: Bram12345	Read Replies (1) \| Respond to of 11130

GBCS Rumors of very positive PR's coming beginning next week. This company has been beaten down and is taking some measures to maintain the listing on the Nasdaq exchange. GBCS has settled their past problems with the SEC by previous management. Todays volume increase indicates some serious accumulation of this stock. It popped up to $2 and closed at $1 1/16. The float is very low on this one; Shares outstanding are ~ 1.5 million, with a float of ~ 1.1 million. GBCS has a book value according to Yahoo, of about $2.40. Global Casinos, Inc. (Nasdaq: GBCS) is a diversified, international gaming company. Through its wholly-owned subsidiaries, Global operates three casinos and a bingo distributor. The Company's properties currently include: The Bull Durham in Black Hawk, Colorado; Casino Masquerade in Palm Beach, Aruba, The Pelican Casino, in Simpson Bay, St. Maarten and Alaska Bingo supply in Anchorage, Alaska. biz.yahoo.com

To: Kimberly Lee who wrote (5486)	2/11/1999 8:01:00 PM
From: E. M. Edds	Respond to of 11130

VERI: I was talking to a broker friend right at the close about VERI--he had seen a similar scenario in the past with another stock. He pointed out to me a factor which I hadn't before considered: Those who purchased shares at $3+ by mistake have three options: 1. They could sell at a loss. I think we saw that group today on the run to $1. 2. They could hold and wait. 3. They could buy more shares to average down. He took a quick look at VERI and concluded he would recommend this option, if he had had any clients in it. He tried to buy some right at the close, so I don't know if he got in or will have to wait until the morning. Looking forward to tomorrow (I love Fridays!).